Ovintiv Boosts Reserves & Production

By Chris Stiles • Tuesday, December 23 06:12 • Permanent Link

Ovintiv Inc. has released its pro forma operational information regarding its acquisition of NuVista Energy Ltd., revealing notable changes in key metrics. The total proved reserves for the combined company as of the year ended December 31, 2024, stand at 2,452.0 Mboe, representing a significant increase from Ovintiv's historical total proved reserves of 2,057.1 Mboe. Furthermore, the combined company's average daily production for the same period reached 659.1 BOE/d, up from Ovintiv's historical average of 585.0 BOE/d.

In terms of the nine months ended September 30, 2025, the pro forma combined average daily production stands at 683.5 BOE/d, a notable increase from Ovintiv's historical production of 611.5 BOE/d and NuVista's historical production of 72.0 BOE/d.

These figures demonstrate the impact of the acquisition on Ovintiv's reserves and production capabilities, setting the stage for potential growth and expansion in the energy sector. Following these announcements, the company's shares moved 0.42%, and are now trading at a price of $37.265. For the full picture, make sure to review Ovintiv's 8-K report.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.